Rumors of Robert Benmosche’s pending departure from AIG are greatly exaggerated.

At least, that’s what the AIG CEO told nearly 100,000 employees in a one-page memo yesterday.

“I and the board remain totally committed to leading AIG through its challenges and to continuing to fight on your behalf,” the memo said.

The pledge came after reports surfaced the insurance colossus, which has soaked up more than $182 billion in taxpayer-backed rescue cash, and Benmosche in particular, are chafing under government control and butting heads with pay czar Kenneth Feinberg and other regulators over bonuses for its top 100 employees.

Benmosche had threatened to quit, according to reports — a move that many Wall Street players viewed as a gambit to get the government to change its tune on compensation.

“To be certain, I and the board are indeed frustrated and we are in ongoing discussions with Treasury and [Feinberg] to resolve the uncertainty surrounding this issue,” Benmosche said.